CHRISTOPHER P. MARR - 01 Jan 2024 Form 4 Insider Report for CubeSmart (CUBE)

Role
CEO, Director
Signature
Douglas J. Tyrell, Attorney-in-Fact
Issuer symbol
CUBE
Transactions as of
01 Jan 2024
Transactions value $
$2,946,284
Form type
4
Filing time
03 Jan 2024, 16:30:27 UTC
Previous filing
19 Jan 2024
Next filing
10 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CUBE Common Award $2.95M +63.6K +13.22% $46.35 545K 01 Jan 2024 Direct F1
transaction CUBE Common Award $0 +36K +6.6% $0.00 580K 01 Jan 2024 Direct F2
holding CUBE Common 211K 01 Jan 2024 By Spousal Trust
holding CUBE Common 2.7K 01 Jan 2024 By Spousal Trust #2
holding CUBE Common 40.5K 01 Jan 2024 Held in Trust

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CUBE Stock Option (right to buy) Award $0 +179K $0.00 179K 01 Jan 2024 Common 179K $46.35 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These common shares represent the vesting of performance-based units granted on January 1, 2021 under the 2007 Equity Incentive Plan of the Company.
F2 These common shares represent restricted shares issued under the Company's 2007 Equity Incentive Plan and are subject to risk of forfeiture. The common shares vest ratably over a three-year period, one-third per year on January 1, 2025, January 1, 2026, and January 1, 2027, provided the reporting person remains employed by the Company.
F3 The stock options vest ratably over a three-year period, one-third per year on each of the first three anniversaries of the grant date, provided the reporting person remains employed by the Company.